ABSTRACT
This chapter explores the preponderance of accounting literature on corporate governance emanating from outside the black box of governance processes. It offers a review of corporate governance research approaches and challenges for accounting researchers. The chapter examines the knowledge of directors' roles and behaviours in strategy and control. It establishes a direction and agenda for board-level corporate governance research from both critical and interpretive perspectives in the accounting literature. The dominant quantitative positivist genre of accounting research into corporate governance treats the organisation and/or the board as a virtual black box that contains some mystical processes into which key inputs are fed and from which outcomes emerge. Board-level corporate governance processes are the focal activity that most contemporary accounting and management research studies have bypassed. Qualitative and mixed method boardroom corporate governance research provides a range of insights into the board's involvement in strategic planning and the strategic management dimensions of the governance process.
